About Sofyx
Sofyx is a Retail company based in India founded in 2013 by Mukesh Kachroo. App based social commerce platform for the smartphone industry. It operates in the Retail and Technology sectors. Sofyx has raised $845.31 thousand across 1 funding round from investors including Galeecha, Mukesh Sharma and Essa Merchant. Sofyx was last valued at $4.78 million in April 2018. Its Indian entity Sofyx Systems Private Limited reported revenue of ₹1.50 Cr. Its focus areas include In Store Retail Tech, Suite, Enterprise Applications and Enterprise Resource Planning.
Company details
Founded in 2013 in India, Sofyx operates as an app-based social commerce platform within the telecom sector. Retailers, brands, distributors, and manufacturers are connected to facilitate transactions and daily business operations. Digital tools are provided for managing smartphone retail activities, supporting community-based interactions across the industry. The platforms domain is sofyx.com.
- Headquarters India
- Founders Mukesh Kachroo
- Stage Minicorn
- SectorsRetailTechnology
- Email••••••••
- Phone•••• ••••
- Website sofyx.com
- Social LinkedIn
- Legal Name Sofyx Systems Private Limited
- Date of Incorporation 08 Feb, 2018
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹1.50 Cr
FY 2023 · +152% YoY
- Net Loss-₹50.3 Lakh
FY 2023 · -33% margin
- EBITDA₹11.1 Lakh
FY 2023 · 7% margin
- Total Equity Funding$845.31K (USD)
in 1 rounds
- Latest Funding Round$845.31K (USD), Seed
Apr 2018
- InvestorsGaleecha
& 6 more
Associated legal entities of Sofyx
Sofyx operates through Sofyx Systems Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sofyx Systems Private Limited CIN U74999HR2018PTC072505 | Under Liquidation | 08 Feb 2018 | Gurgaon, Haryana | ₹1.5 Cr | 3 | View details |
Funding Insights of Sofyx
Sofyx has successfully raised a total of $845.31K through 1 strategic funding round. The most recent funding activity was a Seed round of $845.31 thousand completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $845,309
- Total Rounds 1
- Last Round Seed — $845,309
- First Round $845,309
(Apr 2018)
- Investors Count 7
All 1 funding rounds of Sofyx with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $845,309 | Seed | $4.78M | Mukesh Sharma |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2018 | $4.78M | •••••••• |
Last known valuation $4.78M (Apr 2018). 7 investors in total: 1 institutional and 6 angel.
Investors in Sofyx
Sofyx has secured backing from 7 investors, including angel investors. Prominent investors backing the company include Galeecha, Mukesh Sharma and Essa Merchant.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MS Mukesh Sharma | Angel investor, ex-Amazon, focused on tech startups in India | unknown_ed7c87540cf447109 | ||
EM Essa Merchant | unknown_d0f2e56f30b24277a | |||
HS Harpal Singh | unknown_22b7f718e76040f9a | |||
NP Nikita Padora | unknown_39984e249c5940e1a | |||
KW Karan Walia | unknown_336b11d5587449de9 | |||
MK Mukesh Kachroo | Angel investor, CTO at CureSkin, ex-Amazon, focused on tech startups | unknown_cae2c0fe57a84aabb | ||
| galeecha.com |
Investor details for Sofyx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Sofyx Systems Private Limited (Sofyx)
Sofyx Systems Private Limited is the primary company behind Sofyx. The board of Sofyx Systems Private Limited currently have 3 directors; the longest-serving is Sanjay Kaul, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Kaul DIN 08066491 | Director | 08 Feb 2018 | 8 yrs 8 mo | Sofyx Systems Private Limited |
| Vandna Raina DIN 08066492 | Director | 08 Feb 2018 | 8 yrs 8 mo | Sofyx Systems Private Limited |
| Arun Gupta DIN 00002157 | IRP/RP/Liquidator | 24 Jan 2025 | 1 yr 9 mo | Sofyx Systems Private Limited |
People of Sofyx
1 people are tracked at Sofyx (1 in leadership).
| Name | Role | Group |
|---|---|---|
Mukesh Kachroo | Co-Founder & CTO | Leadership |
Complete people profiles for Sofyx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Sofyx
Figures of Sofyx Systems Private Limited, the primary company behind Sofyx, for FY 2023. Revenue was ₹1.50 Cr (+152% year on year). Net loss was -₹50.3 Lakh (-33% margin). EBITDA was ₹11.1 Lakh (7% margin). Revenue has grown at a compounded annual rate of +28% over three years.
- ₹1.50 CrRevenue · FY 2023 · +152% YoY
- -₹50.3 LakhNet loss · -33% margin
- ₹11.1 LakhEBITDA · 7% margin
- ₹30.3 LakhPaid-up capital
- +28%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Sofyx Systems Private Limited are on its company page.
Detailed financial statements for Sofyx
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Sofyx
3 dated milestones of Sofyx across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Sofyx is founded.
- Funding First funding round of $845K.
- Milestone Reaches Minicorn status.
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as Sofyx (Autonomous & In-Store Retail Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | ||
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Platform powering online and in-store retail operations using AI-driven tools | 2012 | Mumbai, Maharashtra, India | USD 16.02 M | USD 43.86 M | 851 |
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Related news about Sofyx
Complete news archive for Sofyx
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Frequently Asked Questions about Sofyx
Sofyx was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Sofyx is headquartered in India.
Sofyx is a funded company, having raised a total of $845.31K across 1 funding round to date. The company's 1st funding round was a Seed of $845.31K, raised on Apr 2018.
The primary company behind Sofyx, Sofyx Systems Private Limited, reported revenue of ₹1.50 Cr for FY 2023, up 152% year on year.
Founded in 2013 in India, Sofyx operates as an app-based social commerce platform within the telecom sector. Retailers, brands, distributors, and manufacturers are connected to facilitate transactions and daily business operations. Digital tools are provided for managing smartphone retail activities, supporting community-based interactions across the industry. The platforms domain is sofyx.com.
Sofyx has 7 investors. Key investors include Galeecha, Mukesh Sharma, Essa Merchant, Harpal Singh, and Nikita Padora.
The valuation of Sofyx is $4.78M as of Apr 2018.
Sofyx operates through Sofyx Systems Private Limited.
The legal entities of Sofyx currently have 3 directors, including Arun Gupta, Sanjay Kaul, Vandna Raina.